The insolvency plan is key to the new insolvency law.
Its focus is the retention of the company in financial and legal terms, providing that its creditors are no worse off than they would be if the company were divested.
Unfortunately implementing insolvency plans has not completely taken off in Germany since, amongst other things, implementing them is complex and difficult to realise.
We specialise in developing and implementing insolvency plans. We also partner you to develop viability and liquidity planning designed to keep your company in business, work out strategies to continue operations whilst meeting your obligations as an employer and assist you in the hunt for backers to finance your insolvency plan.